State of Alaska Department of Revenue lowered its holdings in Primerica, Inc. (NYSE:PRI) by 8.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,801 shares of the financial services provider’s stock after selling 650 shares during the period. State of Alaska Department of Revenue’s holdings in Primerica were worth $887,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. grew its holdings in Primerica by 20.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 600 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 100 shares in the last quarter. BB&T Corp lifted its position in shares of Primerica by 6.3% during the 3rd quarter. BB&T Corp now owns 4,389 shares of the financial services provider’s stock worth $558,000 after buying an additional 262 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of Primerica by 6.1% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 6,239 shares of the financial services provider’s stock worth $748,000 after buying an additional 359 shares during the last quarter. BBVA USA Bancshares Inc. lifted its position in shares of Primerica by 2.9% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 14,272 shares of the financial services provider’s stock worth $1,816,000 after buying an additional 398 shares during the last quarter. Finally, Doyle Wealth Management purchased a new stake in shares of Primerica during the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.
Shares of NYSE:PRI opened at $128.43 on Friday. The company has a market capitalization of $5.31 billion, a PE ratio of 15.62 and a beta of 1.35. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03. Primerica, Inc. has a twelve month low of $106.01 and a twelve month high of $138.05. The firm has a 50 day simple moving average of $132.62 and a 200-day simple moving average of $125.51.
Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.14 by $0.12. Primerica had a net margin of 17.90% and a return on equity of 22.88%. The firm had revenue of $520.60 million during the quarter, compared to the consensus estimate of $518.78 million. During the same quarter in the prior year, the firm earned $1.93 EPS. Primerica’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that Primerica, Inc. will post 8.34 EPS for the current fiscal year.
Several brokerages have recently weighed in on PRI. ValuEngine downgraded shares of Primerica from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Zacks Investment Research downgraded shares of Primerica from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th.
In related news, President Peter W. Schneider sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $133.84, for a total value of $401,520.00. Following the completion of the sale, the president now owns 26,790 shares in the company, valued at approximately $3,585,573.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Alison S. Rand sold 2,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $134.01, for a total transaction of $268,020.00. Following the completion of the sale, the chief financial officer now owns 15,337 shares of the company’s stock, valued at approximately $2,055,311.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,000 shares of company stock valued at $1,449,690. 0.84% of the stock is owned by insiders.
Primerica, Inc, together with its subsidiaries, provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products.
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